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The Greek insurance market is a moderately developed market with a total of 4.26 billion EUR (4.8 billion USD) in premiums written in 2021. The market is dominated by life insurance, which accounted for 54.3% of total premiums in 2021. Non-life insurance accounted for the remaining 45.7% of total premiums.
The Greek government is a major purchaser of insurance products and services. In 2021, the government spent EUR 223.5 million on insurance. The main insurance products and services procured by the Greek government are health insurance, property insurance, and motor insurance.
The Greek government procures a wide range of insurance products and services, including:
Health insurance: The Greek government provides health insurance to all citizens and residents of Greece.
Property insurance: The Greek government procures property insurance for its buildings and other assets.
Motor insurance: The Greek government procures motor insurance for its vehicles.
Liability insurance: The Greek government procures liability insurance for its employees and other officials.
Credit insurance: The Greek government procures credit insurance for its loans.
The top authorities for Greece insurance procurement are:
The Hellenic Public Procurement Authority (HGPPA): The HGPPA is the central authority for public procurement in Greece.
The Ministry of Finance: The Ministry of Finance is responsible for overseeing the government's insurance procurement activities.
The Ministry of Health: The Ministry of Health is responsible for procuring health insurance for all citizens and residents of Greece.
The top winners of Greece insurance procurement are:
National Insurance Company of Greece (Ethniki Asfalistika): Ethniki Asfalistika is the largest insurance company in Greece and is a major winner of government contracts.
Generali Hellas: Generali Hellas is a subsidiary of Generali Group, one of the largest insurance companies in the world.
Allianz Hellas: Allianz Hellas is a subsidiary of Allianz Group, another major global insurance company.
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